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Senator Jimoh Ibrahim Urges Tinubu to Borrow Strategically for Infrastructure Development

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Senator Jimoh Ibrahim, representing Ondo South in Nigeria’s National Assembly, has advised President Bola Tinubu to consider borrowing strategically for the development of the country’s infrastructure.

Speaking on Channels Television’s Politics Today, Ibrahim expressed his belief that the Nigerian government should borrow what he termed as “good money” rather than taking on smaller loans that might not yield long-term benefits.

Ibrahim, defending the Federal Government’s planned borrowing, stated that while borrowing may be necessary, the funds should be directed towards projects that will contribute to the country’s economic growth and development.

He mentioned that the government could raise significant amounts of money by issuing bonds, an option that he believes would be more sustainable for Nigeria’s future.

“To be realistic, you need to borrow good money, not these small amounts like $2 billion,” Ibrahim said during the interview.

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“If President Tinubu were to visit the United States and launch a national bond with a 10-year term at 10% interest, you could raise as much as $100 billion.

That’s the kind of borrowing that can make a real difference.”

When asked to define what he considers “good money,” Ibrahim clarified that any borrowing above $50 billion could be considered substantial enough to fund major infrastructure projects.

In his statement, the senator also touched on the government’s recent external borrowing plan.

President Tinubu had sent a request to the National Assembly for approval to borrow N1.767 trillion to help finance the N9.7 trillion deficit in the 2024 national budget.

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Ibrahim expressed his support for the plan, but emphasized that the borrowed funds should be channeled directly into infrastructural development, which would create long-term value for Nigeria’s economy.

Drawing inspiration from Dubai, Ibrahim pointed to the city’s successful model of borrowing large amounts of money and investing it in key infrastructure projects.

He shared that Dubai had taken out a loan of $168 billion, using it to invest in tourism, innovation, and technology, which transformed the city into one of the most visited and economically vibrant destinations in the world.

“Dubai borrowed $168 billion, and look where it is today,” Ibrahim noted. “It’s a global hub, and the returns from their investments are enormous.

People flock to Dubai, and the dollars they bring in are a testament to the success of their strategy.”

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Ibrahim further emphasized the importance of using borrowed funds wisely.

“If you borrow and invest in infrastructure, you’re setting the stage for growth,” he said.

“In Dubai’s case, they repay $20 billion every two years, and they’re able to sustain their development.

Nigeria could follow this model and use its borrowed funds to build the kind of infrastructure that will support future generations.”


 

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WAEC Says English Exam Was Not Cancelled and Warns Against Fake News

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WAEC has debunked rumours that the English Language paper written on May 28 was cancelled. The exam, part of the ongoing WASSCE for school candidates, faced serious delays at several centres across the country. In some places, the paper meant to start by 9 a.m. didn’t begin until late at night, leaving students to write under poor conditions, with many using phone flashlights and torchlights to read their questions.

WAEC explained that it received reports of a possible paper leak and had to act fast to protect the credibility of the exam. But contrary to claims making rounds on social media, the council made it clear the paper was not cancelled. In a statement by Moyosola Adesina, the acting Head of Public Affairs, WAEC said a press release dated May 30 announcing the cancellation was fake and not from the council.

She said WAEC doesn’t know where the false information came from, but suspects it was shared by individuals trying to create panic and damage the council’s image. The Head of WAEC’s National Office, Amos Dangut, also commented on the situation, saying the late-night exams held in some areas were far below the council’s standards.


 

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Tinubu Welcomes Ademola Adeleke and Davido to His Home in Lagos

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President Bola Ahmed Tinubu hosted Osun State Governor, Senator Ademola Adeleke, for a private meeting at his Lagos residence on Monday. The governor was joined by his older brother, prominent businessman Chief Adedeji Adeleke, and his son, the internationally popular Afrobeats star David Adeleke, better known as Davido.

The visit was confirmed by President Tinubu’s Special Assistant on Social Media, Dada Olusegun, who shared the news on X the following day. “President Bola Ahmed Tinubu met with Osun State Governor Ademola Adeleke, accompanied by Chief Adedeji Adeleke and Afrobeats superstar Davido, at his Lagos home,” Olusegun posted.

So far, no details have been shared about the purpose of the meeting, and neither the Presidency nor the Adeleke family has made an official statement. Photos from the gathering have appeared online, offering a rare glimpse into the private talks between the President and the Adeleke family.


 

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Omokri Urges Tinubu to Focus on Nigeria’s Progress not Peter Obi’s Negativity

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Former presidential aide Reno Omokri has shared his advice on how President Bola Tinubu should handle Peter Obi and the Obidient Movement. Omokri suggests that instead of engaging with their negativity, Tinubu’s government should focus on highlighting its achievements and ongoing projects to outshine the critics.

Writing on X, Omokri emphasized the visible progress happening across Nigeria, especially in Abuja and Lagos. He pointed to major infrastructure projects like the Lagos-Calabar Coastal Highway, which is being built simultaneously from both ends, as well as the reconstruction of the Ile-Ife to Sokoto-Badagry Expressway and the Enugu-Onitsha Expressway.

“There’s development happening everywhere,” Omokri said. “The government should use every platform—TV, radio, print, social media—to showcase these efforts.” He also took a swipe at Obi’s supporters, saying, “While they praise leaders like Traoré, who hasn’t even reached the level of a local council chairman in Lagos, they criticize Nigeria harshly. Just the Third Mainland Bridge alone is worth half of Burkina Faso’s GDP.”

Omokri concluded by suggesting that if Obidients have nothing positive to say about Nigeria, perhaps they should consider moving to Burkina Faso.


 

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